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| Business News: Most Viewed |
| Last update: 134 days, 17 hours ago |
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| Wall Street rises after drop in jobless claims, Ford results |
24 Apr 08, 21:28 ET |
|
| AP - Wall Street rallied Thursday after the government's jobless claims data and Ford Motor Co.'s first-quarter results helped reinject some optimism about the economy into the market. |
| more |
| Microsoft results disappoint |
24 Apr 08, 21:15 ET |
|
| Reuters - Microsoft Corp disappointed investors
looking for stellar earnings on Thursday with soft Windows
software sales and a below-target profit forecast, which
overshadowed a strong outlook for next year. |
| more |
| Microsoft issues final threat to scotch Yahoo deal |
24 Apr 08, 20:28 ET |
|
| Reuters - Microsoft Corp gave Yahoo
Inc no hope of a higher takeover price, saying it was ready to
go hostile or even call off its bid if Yahoo maintains
"unrealistic expectations" of a better deal. |
| more |
| SEC settles false rumor charge with trader |
24 Apr 08, 19:09 ET |
|
| Reuters - U.S. securities regulators said on
Thursday they settled with a Wall Street trader accused of
intentionally spreading false rumors about the planned
acquisition of Alliance Data Systems Corp while selling
the stock short. |
| more |
| Amgen 1st-quarter profit rises on cost cutting |
24 Apr 08, 17:35 ET |
|
| Reuters - Amgen Inc reported higher
first-quarter profit on Thursday, topping estimates, as cost
cutting helped offset declining sales of its anemia drugs hit
by safety concerns and reimbursement restrictions. |
| more |
| Gold falls to 4-month low on stronger dollar; Oil retreats |
24 Apr 08, 17:15 ET |
|
| AP - Gold prices plunged to a four-month low Thursday, extending their losses as a stronger dollar gave investors reasons to sell the metal traditionally viewed as a hedge against inflation. |
| more |
| American Express 1st-qtr profit declines |
24 Apr 08, 16:53 ET |
|
| Reuters - American Express Co said on
Thursday first-quarter profit fell 6 percent as it set aside
more money for credit losses, but results beat expectations,
and shares rose in after-hours trading. |
| more |
| Microsoft quarter earnings view shy of Wall St. |
24 Apr 08, 16:51 ET |
|
| Reuters - Microsoft Corp posted on
Thursday quarterly revenue and a June quarter earnings outlook
at the low end of Wall Street expectations, sending its shares
more than 5 percent lower. |
| more |
| Apple's Purchase of P.A. Semi Suggests New Devices |
24 Apr 08, 16:37 ET |
|
| NewsFactor - Apple's surprising purchase of P.A. Semi, a niche chip designer, for $278 million has analysts and journalists trying to make sense of the deal and what it means for future products. |
| more |
| Even with oil price, Mexico's state-run oil company loses money |
24 Apr 08, 15:53 ET |
|
| AP - Even with oil at $118 a barrel, Mexico's state-run oil company is losing money. |
| more |
| ConocoPhillips Q1 earnings rise on record oil |
24 Apr 08, 15:33 ET |
|
| Reuters - ConocoPhillips , the
third-largest U.S. oil company, said on Thursday its first-
quarter earnings rose 17 percent as much higher oil and natural
gas prices outweighed weak profits from gasoline production. |
| more |
| Paulson cites progress in calming markets |
24 Apr 08, 15:21 ET |
|
| Reuters - Treasury Secretary Henry Paulson
cited encouraging signs of progress in calming financial
markets, which he said made it possible to turn more attention
to measures for stimulating a slowing economy. |
| more |
| Rates on 30-year mortgages top 6 percent |
24 Apr 08, 14:53 ET |
|
| AP - Rates on 30-year mortgages topped 6 percent for the first time in six weeks as financial markets grew more worried about rising inflation pressures. |
| more |
| ConocoPhillips 1Q profit up 17 pct on higher oil prices |
24 Apr 08, 14:53 ET |
|
| AP - Setting the tone expected for the world's big oil companies, ConocoPhillips said Thursday its first-quarter earnings benefited mightily from record crude prices to start the year, though those same high levels squeezed results at its refining operations. |
| more |
| US Air, Alaska Air cite fuel costs for losses |
24 Apr 08, 14:26 ET |
|
| Reuters - US Airways Group Inc and Alaska
Air Group Inc posted quarterly losses on Thursday,
citing surging fuel costs that have inflicted pain on the
entire industry. |
| more |
| Delta and Northwest try to reassure Congress on merger |
24 Apr 08, 13:38 ET |
|
| Reuters - The chief executives of Delta Air
Lines Inc and Northwest Airlines Corp sought to
reassure Congress on Thursday that their planned merger would
not hurt service, cut jobs, or blunt competition. |
| more |
| Aero and defense profits buck downturn |
24 Apr 08, 13:08 ET |
|
| Reuters - Raytheon, L-3, Rockwell Collins and
Goodrich all beat Wall Street profit estimates on Thursday, as
the U.S. economic downturn shows no signs of stopping the long
boom in the defense and aerospace sectors. |
| more |
| Dollar gains on euro on talk of Fed rate pause |
24 Apr 08, 12:55 ET |
|
| AFP - The dollar gained on the euro Thursday on speculation the US Federal Reserve might soon call a halt to interest rate cuts and following a disappointing report on German business confidence. |
| more |
| Leaked: Grand Theft Auto IV Hits the Torrents |
24 Apr 08, 12:03 ET |
|
| NewsFactor - While the buzz is building that Grand Theft Auto IV will be the biggest video game release ever, the leaked copies of the software are making it onto the Internet. |
| more |
| Ambac may need capital: NY regulator |
24 Apr 08, 11:52 ET |
|
| Reuters - New York state's top insurance
regulator said on Thursday that bond insurer Ambac Financial
Group Inc may need more capital. |
| more |
| Treasurys fall after surprising drop in jobless claims |
24 Apr 08, 11:40 ET |
|
| AP - Treasury prices fell Thursday as investors, already anticipating an end to the Federal Reserve's rate-cutting campaign, found another reason to sell government bonds when a report showed a surprising drop in unemployment claims. |
| more |
| More grim news on homes |
24 Apr 08, 11:16 ET |
|
| Reuters - Jobless claims fell sharply last
week and durable goods orders showed resilience in March but
new home sales plummeted, according to data on Thursday that
delivered mixed news on the struggling economy. |
| more |
| Oil prices slip on dollar recovery, rising US crude inventories |
24 Apr 08, 11:12 ET |
|
| AFP - Oil prices fell on Thursday as traders took profits after this week's record-breaking run on the back of the strengthening dollar and rising US crude stockpiles. |
| more |
| Economy seen improving in second half of '08 |
24 Apr 08, 10:56 ET |
|
| Reuters - The U.S. economy could improve
slightly in the second half of 2008 after a challenging first
half, and there are some encouraging signs in the credit
markets, a senior U.S. Treasury Department official said on
Thursday. |
| more |
| Wall Street turns lower after drop in jobless claims |
24 Apr 08, 10:47 ET |
|
| AP - Stocks pulled back Thursday as investors juggled a drop in weekly unemployment claims and stronger-than-expected results from Ford Motor Co. with weak housing figures and cautious comments from some retailers. |
| more |
| Whirlpool shares hammered after missing profit view |
24 Apr 08, 10:20 ET |
|
| Reuters - Whirlpool Corp , the world's top
appliance maker, posted first-quarter profit well below Wall
Street estimates on Thursday on declining U.S. sales and rising
oil and steel costs, and it slashed its full-year earnings
outlook, sending its shares as much as 11 percent. |
| more |
| Arby's owner buying Wendy's for $2.34 billion stock deal |
24 Apr 08, 10:09 ET |
|
| AP - After two past rejections, the owner of Arby's shaved roast beef sandwich restaurants is buying Wendy's, the fast-food chain famous for its made-to-order square hamburgers and chocolate Frosty dessert, for around $2 billion. |
| more |
| ConocoPhillips 1Q profit up 17 pct. on higher oil prices |
24 Apr 08, 09:45 ET |
|
| AP - ConocoPhillips, the third-largest U.S. oil company, said Thursday its first quarter profit rose almost 17 percent as record high oil prices offset disruptions that hurt earnings from its refining operations. |
| more |
| Arby's owner to buy Wendy's |
24 Apr 08, 09:08 ET |
|
| Reuters - Wendy's International Inc has agreed
to be bought by Triarc Cos Inc , the investment arm of
billionaire investor Nelson Peltz, in a deal valued at $2.34
billion that would bring Triarc's Arby's restaurant chain and
Wendy's under one umbrella. |
| more |
| Durable goods orders fall for third straight month |
24 Apr 08, 09:04 ET |
|
| AP - Orders to factories for big-ticket manufactured goods fell for a third straight month in March, the longest string of declines since the 2001 recession. |
| more |
| Arby's owner buying Wendy's in all-stock deal |
24 Apr 08, 08:40 ET |
|
| AP - The owner of Arby's said Thursday it is buying Wendy's International Inc. in an all-stock deal worth $2.34 billion that comes after the burger chain's board rejected at least two earlier offers by the company. |
| more |
| Motorola loss widens on weak phone sales |
24 Apr 08, 08:35 ET |
|
| Reuters - Motorola Inc said on Thursday
its quarterly loss widened on cell phone sales that were at the
low end of analyst expectations, signaling further market share
losses to Nokia (NOK1V.HE) and other rivals. |
| more |
| Liberty Mutual Pays Up for Safeco |
24 Apr 08, 08:08 ET |
|
| BusinessWeek Online - Property and casualty insurance provider Safeco Corp. agreed on Apr. 23 to be acquired by Liberty Mutual Group in a deal valued at $6.2 billion. Safeco shareholders would receive $68.25 per share for each share held, a nearly 51% premium to Safecos closing price of $45.23 on Apr. 22. |
| more |
| How I Became a Little-Guy Lender |
24 Apr 08, 08:08 ET |
|
| BusinessWeek Online - I'm conservative with money, so lending to strangers on a Web site called Prosper might seem out of character. But when I was going over my investments this past winter, my well-balanced portfolio of mutual funds wasn't doing so hot, and my once-high-interest savings account seemed less and less appealing as rates kept falling. Since Prosper's founding two and a half years ago, peer-to-peer lending, as it's known, has been gaining respectability, and I liked the idea of helping people to expand businesses or pay off credit cards with exorbitant rates. ... |
| more |
| Corporate Van Pool, Your Time Is Now |
24 Apr 08, 08:08 ET |
|
| BusinessWeek Online - For years, in-house transportation gurus at companies across the country have been obsessing about how to cajole employees out of their cars. They've handed out mass-transit passes, ordered up fleets of luxury coaches, reserved premium parking spots for van pools, and filled locker rooms with toiletries and towels for those who bike to work. They've educated workers about the evils of not only the SUV but the SOV (single-occupancy vehicle). ... |
| more |
| The Scramble for Your Tax Rebate |
24 Apr 08, 08:08 ET |
|
| BusinessWeek Online - Beginning on May 2, more than 130 million Americans will open their mailboxes to find tax rebate checks, ranging from $600 to $1,200 per household. Retailers across the country desperately want a piece of that action in a U.S. economy flirting with recession, and the sales promotions tied to the government cash injection are already coming fast and furious. "We are going to start to see retailers raise the stakes in terms of types of promotions they are going to offer around rebate checks," says Scott Krugman, spokesperson for the National Retail Federation. |
| more |
| Ford posts surprise profit |
24 Apr 08, 07:54 ET |
|
| Reuters - Ford Motor Co posted an
unexpected quarterly profit on Thursday, led by strong results
in Europe and South America and a narrowing loss in North
America and sending its shares up 5 percent in premarket trade. |
| more |
| Ford swings to $100M profit in 1st qtr, beats Wall Street |
24 Apr 08, 07:54 ET |
|
| AP - Ford Motor Co. surprised Wall Street on Thursday with a $100 million profit in the first quarter as strong results from Europe and South America helped offset the impact of a slumping U.S. economy that cut car and truck sales in its main market. Its shares rose almost 5 percent in premarket trading. |
| more |
| Coca-Cola Enterprises Q1 net falls |
24 Apr 08, 07:51 ET |
|
| Reuters - Coca-Cola Enterprises Inc
reported a lower quarterly profit on Thursday despite a rise in
sales, hurt by higher expenses, restructuring charges and weak
sales in North America. |
| more |
| Stock futures fall on consumer spending worry |
24 Apr 08, 07:32 ET |
|
| Reuters - Stock index futures fell on Thursday,
after disappointing outlooks from iPod-maker Apple Inc
, online retailer Amazon.com and coffee-chain
operator Starbucks heightened concerns about consumer
spending. |
| more |
| Credit Suisse hit by further $5 bln writedown |
24 Apr 08, 07:24 ET |
|
| Reuters - Credit Suisse notched up a further 5.3
billion Swiss francs ($5.26 billion) of credit-linked
writedowns but its core rich clients kept their money at the
bank unlike those of rival UBS. |
| more |
| Motorola 1Q loss widens as phone sales fall |
24 Apr 08, 07:15 ET |
|
| AP - Cell phone maker Motorola says it lost slightly more money in the first quarter as sales in its key mobile unit fell 39 percent. |
| more |
| Credit Suisse Q1 write-downs of $5.3B drives $2.1B loss |
24 Apr 08, 06:39 ET |
|
| AP - Credit Suisse Group on Thursday posted a $2.1 billion loss for the first quarter as the global effects of the U.S. subprime mortgage crisis continued to spread. |
| more |
| Strong demand lifts Bayer past profit estimates |
24 Apr 08, 06:34 ET |
|
| Reuters - Bayer's quarterly
profit surged ahead of market expectations thanks to strong
demand for its prescription drugs and farming products, sending
its shares to a two-month high on Thursday. |
| more |
| Thai rice hits new record, feeding food fears |
24 Apr 08, 05:10 ET |
|
| Reuters - Rice prices in Thailand, the world's
top exporter, surged to $1,000 a tonne on Thursday, feeding
concerns about food security as far as the United States after
export curbs by governments worldwide. |
| more |
| Euro lower against US dollar |
24 Apr 08, 05:05 ET |
|
| AP - The euro slid against the U.S. dollar on Thursday after surveys said business confidence in France and Germany was dropping amid fears of slower growth. |
| more |
| Oil falls to near $118 in Asian trading as dollar gains |
24 Apr 08, 04:36 ET |
|
| AP - Oil prices fell Thursday as the U.S. dollar strengthened and after a U.S. government report showed a build in crude supplies. |
| more |
| Wendy's to announce transaction with Peltz: report |
24 Apr 08, 03:23 ET |
|
| Reuters - Wendy's International Inc is
set to announce a transaction with billionaire investor Nelson
Peltz on Thursday, though the deal's specific details were
unclear, the Wall Street Journal reported, citing a person
familiar with the situation. |
| more |
| Sam's Club, Costco limit rice purchases as prices rise |
24 Apr 08, 01:26 ET |
|
| AP - The two biggest U.S. warehouse retail chains are limiting how much rice customers can buy because of what Sam's Club, a division of Wal-Mart Stores Inc., called on Wednesday "recent supply and demand trends." |
| more |
| Chinese shares rise nearly 10 percent on transaction tax cut |
24 Apr 08, 01:20 ET |
|
| AP - Chinese shares soared early Thursday after the government cut a tax on stock transactions in a move widely seen as a signal of support for the markets. |
| more |
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